Are There Two Main Accounting Systems?
Hi, As far as I know, although I might be wrong, there are two main accounting systems in the world: 1. The French accounting system (more complex). 2. The British accounting system (pretty much straight-forward at a basic level). If I am not mistaking and there are these two systems, could anyone knowledgeable explain a few differences between these two systems? Thanks, Robin
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I always thought there was double-entry (that we use, where every entry has an opposite, or balancing, entry) and presumably there is single-entry! I mean, you could have your own system if it was only for you. The whole point of double entry is that if it has been done correctly it will balance.
Answer 2 :
Accounting in the USA is a lot different than in Europe - differences are probably mainly with what is presented on Financial Statements
Answer 3 :
Two systems, world wide, are the Cash and Accrual methods.
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Monday, February 14, 2011
Monday, February 7, 2011
why it is necessary to study managerial accounting?
why it is necessary to study managerial accounting?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It provides very useful tools for a manufacturing environment, which believe it or not jobs for that environment still exist in the US.
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Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It provides very useful tools for a manufacturing environment, which believe it or not jobs for that environment still exist in the US.
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Tuesday, February 1, 2011
HI CAN ANY ONE HELP ME WITH CV FOR ACCOUNTING?
HI CAN ANY ONE HELP ME WITH CV FOR ACCOUNTING?
I AM LOOKING FOR AN ACCOUNTING JOB I HAVE AN HND (ACCOUNTING) AND STUDYING ACCA SKILLS LEVEL. MY CV IS NOT UP TO THE STANDARD. PLZ SEND ME A TEMPLATE HELP ME OUT THANKS
Other - Careers & Employment - 2 Answers
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Answer 1 :
http://www.google.com/images?q=accounting+CV+sample&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&source=univ&ei=53BdTdq4Mo2ctwfJpo3zCg&sa=X&oi=image_result_group&ct=title&resnum=7&ved=0CEkQsAQwBg&biw=1503&bih=630 has a bunch of examples to look at
Answer 2 :
CV must reflect your accounting years of expertise that focus on courses relevant and specific results have the potential to send you to the final. Once you're there, do you do different in every way! Accounting cvs. http://www.cvtemplate.net/cv/accounting-cv
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I AM LOOKING FOR AN ACCOUNTING JOB I HAVE AN HND (ACCOUNTING) AND STUDYING ACCA SKILLS LEVEL. MY CV IS NOT UP TO THE STANDARD. PLZ SEND ME A TEMPLATE HELP ME OUT THANKS
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.google.com/images?q=accounting+CV+sample&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&source=univ&ei=53BdTdq4Mo2ctwfJpo3zCg&sa=X&oi=image_result_group&ct=title&resnum=7&ved=0CEkQsAQwBg&biw=1503&bih=630 has a bunch of examples to look at
Answer 2 :
CV must reflect your accounting years of expertise that focus on courses relevant and specific results have the potential to send you to the final. Once you're there, do you do different in every way! Accounting cvs. http://www.cvtemplate.net/cv/accounting-cv
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Friday, January 28, 2011
explaination and illustration of accounting entity concept?
explaination and illustration of accounting entity concept?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting information should be presented for specific and distinct reporting units. In other words, the accounting entity assumption requires that separate transactions of owners and others not be commingled with the reporting of economic activity for a particular business. On one hand, an individual may prepare separate financial statements for a business they own even if it is not a separate legal entity. On the other hand, consolidated financial statements may be prepared for a group of entities that are economically commingled but are technically separate legal units.
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Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accounting information should be presented for specific and distinct reporting units. In other words, the accounting entity assumption requires that separate transactions of owners and others not be commingled with the reporting of economic activity for a particular business. On one hand, an individual may prepare separate financial statements for a business they own even if it is not a separate legal entity. On the other hand, consolidated financial statements may be prepared for a group of entities that are economically commingled but are technically separate legal units.
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Friday, January 14, 2011
can you name 5 universities near or in norfolk, uk that offer accounting at undergraduate level?
can you name 5 universities near or in norfolk, uk that offer accounting at undergraduate level?
can you name 5 universities near or in norfolk , uk that offer accounting at an undergraduate level. I also need to find affordable off campus housing in the area
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Try 'accounting training courses at norfolk county council adult' in google for results.
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can you name 5 universities near or in norfolk , uk that offer accounting at an undergraduate level. I also need to find affordable off campus housing in the area
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Try 'accounting training courses at norfolk county council adult' in google for results.
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Friday, January 7, 2011
What is equity accounting?Is this allowed with IFRS?
What is equity accounting?Is this allowed with IFRS?
What the difference between equity accounting and treating a JV as if its a subsidiary and showing minorit interest. Is it allowed to treat a JV as if its a subsidiary and show 50% minority interest.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Equity accounting is a method of accounting whereby a corporation will document a portion of the undistributed profit for an affiliated company in which they own a position. The arrival of 2005 has herald a new reality for companies grappling with IFRS conversion, yes the change to IFRS may affect a lot more than financial statements.
Answer 2 :
Equity accounting is usually used for associates and joint ventures. When you have significant influence over an investee, that investee is your associate, and you have to apply equity accounting. Not only is it allowed with IFRS, it is required under IAS 28. If your interest is 50%, you need to look at the qualitative criteria to ascertain if the investee is an associated company or a joint venture. If you decide that it's a JV, you can choose to account for it under equity accounting or proportionate consolidation. To put it very simplistically, Control - subsidiary (IAS 27) Significant influence not amounting to control - associate (IAS 28) Joint control - joint venture (IAS 31) For the details, read the summaries at the links.
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What the difference between equity accounting and treating a JV as if its a subsidiary and showing minorit interest. Is it allowed to treat a JV as if its a subsidiary and show 50% minority interest.
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Equity accounting is a method of accounting whereby a corporation will document a portion of the undistributed profit for an affiliated company in which they own a position. The arrival of 2005 has herald a new reality for companies grappling with IFRS conversion, yes the change to IFRS may affect a lot more than financial statements.
Answer 2 :
Equity accounting is usually used for associates and joint ventures. When you have significant influence over an investee, that investee is your associate, and you have to apply equity accounting. Not only is it allowed with IFRS, it is required under IAS 28. If your interest is 50%, you need to look at the qualitative criteria to ascertain if the investee is an associated company or a joint venture. If you decide that it's a JV, you can choose to account for it under equity accounting or proportionate consolidation. To put it very simplistically, Control - subsidiary (IAS 27) Significant influence not amounting to control - associate (IAS 28) Joint control - joint venture (IAS 31) For the details, read the summaries at the links.
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Saturday, January 1, 2011
what do you think is a good carrer for me? im doing pe maths accounting and biology in college?
what do you think is a good carrer for me? im doing pe maths accounting and biology in college?
the best pay career you cant think of?
Other - Education - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
a GP (Genral practitioner) - basically a doctor - they are in high demand all over the world
Answer 2 :
A famous sportsman's financial adviser? I guess that means dropping Biology for A2, but if you don't want to be a famous sportsman's financial adviser, then it's up to you.
Answer 3 :
What level are we talking about, A-level? Sorry to say it, but A-levels alone will not determine your career, they only facilitate your entry to university. When you choose your degree you will be deciding your future to a certain extent. You need to decide what you want to do, and take the relevant courses if you have a definite idea. If you don't know what you want to do, stay in education and gain as many qualifications as possible, as these will open doors later on.
Answer 4 :
Accountant if you are confident of getting a 2:1 from a degree (prefably accounting). Actuary if you want to get a really good maths degree. Physiotherapy if you are really into the health care sector. Biological engineering if you like looking into biological stuff. It's more about what you are passionate about. It's no use me telling you what career you want if you are not interested in it; you won't succeed or propel in it.
Answer 5 :
PE and Biology sound good.
Answer 6 :
the best profession for you would be whichever you love to do. it's not in the course you take, it's in your passion for it. doing the job you love is the only way to truly excel and be able to honestly say, "i love my job!" believe me, whatever degree you have, there would be a point in your life when you would go back to that something you love. take it from someone who did a career shift on professions two worlds apart. so ask yourself point blank, and answer straight from your heart. good luck!
Answer 7 :
accountancy... then you study law...
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the best pay career you cant think of?
Other - Education - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
a GP (Genral practitioner) - basically a doctor - they are in high demand all over the world
Answer 2 :
A famous sportsman's financial adviser? I guess that means dropping Biology for A2, but if you don't want to be a famous sportsman's financial adviser, then it's up to you.
Answer 3 :
What level are we talking about, A-level? Sorry to say it, but A-levels alone will not determine your career, they only facilitate your entry to university. When you choose your degree you will be deciding your future to a certain extent. You need to decide what you want to do, and take the relevant courses if you have a definite idea. If you don't know what you want to do, stay in education and gain as many qualifications as possible, as these will open doors later on.
Answer 4 :
Accountant if you are confident of getting a 2:1 from a degree (prefably accounting). Actuary if you want to get a really good maths degree. Physiotherapy if you are really into the health care sector. Biological engineering if you like looking into biological stuff. It's more about what you are passionate about. It's no use me telling you what career you want if you are not interested in it; you won't succeed or propel in it.
Answer 5 :
PE and Biology sound good.
Answer 6 :
the best profession for you would be whichever you love to do. it's not in the course you take, it's in your passion for it. doing the job you love is the only way to truly excel and be able to honestly say, "i love my job!" believe me, whatever degree you have, there would be a point in your life when you would go back to that something you love. take it from someone who did a career shift on professions two worlds apart. so ask yourself point blank, and answer straight from your heart. good luck!
Answer 7 :
accountancy... then you study law...
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